Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Bath Savings Trust Co

Bath Savings Trust Co boosted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,837 shares of the specialty retailer’s stock after purchasing an additional 131 shares during the period. Bath Savings Trust Co’s holdings in Ulta Beauty were worth $2,747,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ULTA. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $26,000. Ahrens Investment Partners LLC purchased a new stake in shares of Ulta Beauty in the 1st quarter valued at approximately $27,000. Parkside Financial Bank & Trust lifted its position in shares of Ulta Beauty by 59.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 26 shares in the last quarter. BOKF NA purchased a new stake in Ulta Beauty in the 1st quarter worth approximately $30,000. Finally, Ancora Advisors LLC purchased a new stake in Ulta Beauty in the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 92.30% of the company’s stock.

Ulta Beauty Trading Down 0.9 %

ULTA stock traded down $3.87 during trading on Monday, hitting $409.70. 305,134 shares of the stock traded hands, compared to its average volume of 772,304. Ulta Beauty, Inc. has a one year low of $373.80 and a one year high of $556.60. The stock has a market cap of $20.17 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 1.84 and a beta of 1.34. The company has a 50 day simple moving average of $440.89 and a 200 day simple moving average of $476.35.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.85 by $0.17. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 11.77% and a return on equity of 63.51%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $5.70 EPS. As a group, analysts predict that Ulta Beauty, Inc. will post 25.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ULTA shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $600.00 target price on shares of Ulta Beauty in a research report on Thursday, August 31st. Loop Capital upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and raised their target price for the company from $490.00 to $520.00 in a research note on Tuesday, June 13th. Stifel Nicolaus lowered their target price on shares of Ulta Beauty from $525.00 to $475.00 in a research note on Friday, May 26th. BMO Capital Markets lowered their target price on shares of Ulta Beauty from $510.00 to $485.00 in a research note on Friday, May 26th. Finally, Wells Fargo & Company raised their target price on shares of Ulta Beauty from $350.00 to $375.00 and gave the company an “underweight” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $545.13.

Ulta Beauty Company Profile

Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.